SG Americas Securities LLC Sells 6,335 Shares of HubSpot, Inc. (NYSE:HUBS)

SG Americas Securities LLC lowered its position in HubSpot, Inc. (NYSE:HUBS) by 55.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,037 shares of the software maker’s stock after selling 6,335 shares during the period. SG Americas Securities LLC’s holdings in HubSpot were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in HubSpot by 14.3% in the first quarter. GAMMA Investing LLC now owns 120 shares of the software maker’s stock worth $75,000 after purchasing an additional 15 shares during the last quarter. First Affirmative Financial Network raised its stake in shares of HubSpot by 3.8% during the first quarter. First Affirmative Financial Network now owns 493 shares of the software maker’s stock valued at $309,000 after acquiring an additional 18 shares in the last quarter. Eagle Wealth Strategies LLC raised its stake in shares of HubSpot by 5.8% during the first quarter. Eagle Wealth Strategies LLC now owns 386 shares of the software maker’s stock valued at $246,000 after acquiring an additional 21 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of HubSpot by 19.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 153 shares of the software maker’s stock valued at $91,000 after acquiring an additional 25 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of HubSpot by 1.4% during the first quarter. Gilbert & Cook Inc. now owns 1,993 shares of the software maker’s stock valued at $1,249,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 116 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at approximately $33,009,441.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other HubSpot news, CEO Yamini Rangan sold 116 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total transaction of $56,978.04. Following the sale, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $472.27, for a total transaction of $4,014,295.00. Following the sale, the insider now owns 518,152 shares in the company, valued at approximately $244,707,645.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,643 shares of company stock worth $5,640,484. 4.50% of the stock is currently owned by insiders.

HubSpot Trading Down 2.4 %

Shares of NYSE HUBS opened at $521.90 on Tuesday. HubSpot, Inc. has a 12-month low of $407.23 and a 12-month high of $693.85. The stock has a market cap of $26.60 billion, a PE ratio of -196.94, a P/E/G ratio of 7,010.23 and a beta of 1.64. The company has a 50-day moving average of $498.80 and a 200 day moving average of $559.84.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. HubSpot had a negative net margin of 1.15% and a negative return on equity of 2.33%. The business had revenue of $637.20 million during the quarter, compared to analysts’ expectations of $619.28 million. During the same quarter in the prior year, the company posted ($1.17) EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis.

Analysts Set New Price Targets

HUBS has been the subject of several research analyst reports. Citigroup decreased their price target on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $570.00 price target on shares of HubSpot in a report on Thursday, September 19th. Barclays cut their price target on shares of HubSpot from $575.00 to $500.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Canaccord Genuity Group lowered their price objective on shares of HubSpot from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their price objective on shares of HubSpot from $580.00 to $550.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.79.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.